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§ Private Profile · New York City, NY, USA
Payments-as-a-service platform enabling businesses to launch digital payment solutions, including bill pay and real-time payments, in Latin America.
Based in New York City, Arcus provides a payments-as-a-service platform that enables businesses to launch and manage digital payment solutions across the broader Latin American market. The company's API-driven infrastructure supports bill pay, cash-in and cash-out services, and real-time interbank transfers for over 100 enterprise clients operating across seven different countries. Prior to its acquisition, the enterprise scaled its operations to a workforce of approximately 100 employees and secured over $19 million in venture funding to support major corporate customers including Santander, Walmart, and Rappi. After receiving early financial backing from prominent institutional investors including Y Combinator, the financial technology firm was officially acquired by Mastercard in 2021 to expand its regional bill payment network. Arcus was founded in 2013 by co-founders Edrizio De La Cruz, Juan Maldonado, and Iñigo Rumayor.
Arcus has raised $23.0M across 3 funding rounds.
Key people at Arcus.
Arcus was founded in 2013 by Iñigo Rumayor (Founder) and Juan Maldonado (Founder) and Edrizio De La Cruz (Founder/CEO).
Arcus has raised $23.0M in total across 3 funding rounds.
Arcus has raised $23.0M across 3 funding rounds. Most recently, it raised $5.0M Seed in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2023 | $5M Seed | — | Builders | Announced |
| Mar 1, 2020 | $10M Series A | — | Ignia Partners, JAY Adelson | Announced |
| Dec 1, 2017 | $8M Series A | — | Avalancha Ventures, Capital Invent, DUX Capital, Ignia Partners, JAY Adelson | Announced |
Key people at Arcus.
Arcus is a leading Payments-as-a-Service (PaaS) platform that empowers any business to launch and scale innovative payment solutions across Latin America and the Americas. Its mission is to make payments possible for everyone, enabling companies—ranging from fintechs and banks to retailers and billers—to accept, process, and manage payments with ease. Arcus solves the complex challenge of fragmented payment infrastructure by offering a unified, API-driven platform that supports real-time transactions, bill pay, cash-in/cash-out services, and seamless integration with local financial ecosystems. The company has experienced rapid growth, serving over 100 clients—including major names like BBVA, Santander, Walmart, 7-Eleven, and Rappi—and operating in seven countries across Latin America. Its acquisition by Mastercard in 2021 underscores its momentum and strategic importance in the region’s digital payments transformation.
Arcus was founded in 2013 by Edrizio De La Cruz and Juan Maldonado, both of whom brought deep expertise in financial inclusion and payments. Edrizio, an immigrant from the Dominican Republic, was passionate about improving financial health through technology, while Juan had previously led Michael Bloomberg’s financial empowerment center in NYC. The idea for Arcus emerged from their firsthand experience with the inefficiencies and barriers in Latin America’s payment systems. They launched the company through Y-Combinator, quickly gaining traction by building a platform that simplified payment integration for businesses. Early milestones included partnerships with major financial institutions and retailers, and the company’s rapid expansion was fueled by backing from top investors such as Ignia, Citi Ventures, SoftBank, Initialized Capital, Andreessen Horowitz, and Kapor Capital.
Arcus is riding the wave of digital transformation in Latin America, where the demand for real-time payments, financial inclusion, and fintech innovation is accelerating. The region’s fragmented banking infrastructure and high unbanked population have created a fertile ground for platforms that can unify and simplify payments. Arcus’s timing is critical, as governments and financial institutions increasingly prioritize real-time payment systems and digital financial services. By lowering the barriers to entry for fintechs and traditional businesses alike, Arcus is helping to democratize access to financial technology and drive broader economic inclusion. Its integration with Mastercard further amplifies its influence, positioning it as a key enabler of the region’s digital payments future.
Arcus is poised to play a central role in shaping the future of payments in Latin America and beyond. As the region continues to embrace digital finance, Arcus’s platform will likely become even more essential for businesses seeking to innovate and scale. The company’s focus on real-time, API-driven solutions aligns with global trends toward open banking and embedded finance. With Mastercard’s backing, Arcus is well-positioned to expand its reach, deepen its ecosystem partnerships, and drive further innovation in payment infrastructure. The next chapter for Arcus will likely involve broader regional expansion, deeper integration with global payment networks, and continued leadership in making payments possible for everyone.
Arcus was founded in 2013 by Iñigo Rumayor (Founder) and Juan Maldonado (Founder) and Edrizio De La Cruz (Founder/CEO).
Arcus has raised $23.0M in total across 3 funding rounds.
Arcus's investors include Builders, IGNIA Partners, Jay Adelson, Avalancha Ventures, Capital Invent, Dux Capital.
